DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
issued a press release announcing the pricing of an underwritten
public offering of 10,500,000 shares of its common stock (the
Equity Offering). A copy of this press release is attached as
Exhibit 99.1 to this Current Report on Form 8-K.
announcing the pricing of an upsized offering of $500 million
aggregate principal amount of its 5.375% Senior Notes due 2025
(the Notes) to fund, together with the net proceeds from the
concurrent Equity Offering and cash on hand, the cash
consideration for its previously announced pending acquisition of
certain oil and gas assets of Brigham Resources Operating, LLC
and Brigham Resources Midstream, LLC. The Notes will be issued at
an offering price of 99.168% of par. The Notes were offered to
qualified institutional buyers to Rule 144A under the Securities
Act of 1933, as amended (the Securities Act), and to certain
non-U.S. persons in accordance with Regulation S under the
Securities Act. The Notes offering is expected to close on
December 20, 2016, subject to customary closing conditions. A
copy of this press release is attached as Exhibit 99.2 to this
Current Report on Form 8-K and is incorporated herein by
reference.
state securities laws and may not be offered or sold in the
United States absent registration or an applicable exemption from
such registration requirements. This report is neither an offer
to sell nor a solicitation of an offer to buy any of these
securities and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or
sale is unlawful.
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Exhibit Number
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Description
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99.1
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Press Release dated December 14, 2016 entitled
Diamondback Energy Announces Pricing of Common Stock Offering. |
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99.2
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Press Release dated December 15, 2016 entitled
Diamondback Energy Prices Upsized $500 Million Offering of 5.375% Senior Notes. |
About DIAMONDBACK ENERGY, INC. (NASDAQ:FANG)
Diamondback Energy, Inc. is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Its total net acreage position in the Permian Basin is approximately 84,680 net acres. The Company, through its subsidiary Viper Energy Partners LP (Viper), owns mineral interests underlying approximately 46,560 gross (17,060 net) acres primarily in Midland County, Texas in the Permian Basin. Approximately 60% of these net acres are operated by the Company. It has drilled or participated in the drilling 490 gross wells on its leasehold acreage in Permian Basin area, primarily targeting the Wolfberry play. The Permian Basin area covers a portion of western Texas and eastern New Mexico. Its activities are focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, which it collectively refers as the Wolfberry play. DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) Recent Trading Information
DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) closed its last trading session up +3.30 at 105.25 with 2,146,674 shares trading hands.
